# 𝐌𝐀𝐑𝐊𝐄𝐓𝐒

𝐖𝐇𝐀𝐓 #𝐌𝐀𝐑𝐊𝐄𝐓𝐒 𝐀𝐑𝐄 𝐆𝐄𝐓𝐓𝐈𝐍𝐆 𝐖𝐑𝐎𝐍𝐆 𝐎𝐍 𝐑𝐀𝐓𝐄 𝐇𝐈𝐊𝐄𝐒
🧐 𝐓𝐇𝐄 𝐆𝐀𝐏 𝐁𝐄𝐓𝐖𝐄𝐄𝐍 𝐄𝐐𝐔𝐈𝐓𝐈𝐄𝐒 𝐀𝐍𝐃 𝐑𝐄𝐀𝐋𝐈𝐓𝐘
U.S. equities keep printing new highs. Oil prices hold near $100. Rate expectations remain elevated. One of these things cannot be right, and ING's latest analysis pins the mismatch on something specific: markets are overpricing how aggressively central banks will actually hike .
The core argument is straightforward. Current market pricing embeds significant tightening from the Fed, ECB, and BOE. But the underlying assumptions driving that